Apoloan – PayDay Loans Company review
Apoloan (part of Ferratum Group) is a big microloan company that started in 2005 and now serves over a million clients in 20 countries of the world.
They have an award-winning support team of about 200 people who are ready to assist you with your financial needs any time. And this is very important – because borrowing money is a serious deal and you want to make sure there are qualified people who will walk you through the whole process, explain all the fees and nuances of each loan option.
The first thing that you notice with Apoloan – is their stylish and user-friendly interface. They also have a mobile version of the website, so you can apply for a loan on the go.
What does it offer?
Apoloan offers short-term loans for private entities, legal entities or anyone in need of instant cash for whatever reasons.
The loan amounts you can borrow with them are from $100 to $1000 and you can stretch the payments for 16, 22 or 32 days. The period of the loan will depend on the amount you borrow and your financial situation.
The process of getting a loan
Their convenient and very informative website makes applying for a loan as easy as making popcorn. Everything is automated. After clicking on the “Apply Now” button, the website will verify with you that you’ve considered all the costs of taking a loan and already exhausted all the other options.
Then you will fill in the online form stating the amount you need, submit your ID and bank statements. No need to mail anything in – everything is uploaded and confirmed online. All your data is secured by GlibalSign and encryption methods.
If you’ve uploaded all the necessary information on a working day by 3 pm Sydney time – then most likely you will get the money on the same day.
Fees and Conditions
The fees on the loan depend on its amount and period. Typically you should be prepared to pay $24 for every $100 you borrow.
As we’ve stated before, the website has a very convenient calculator tool where you can get an idea of how much it will cost you to borrow the amount you want for the time that suits you best.
So for example borrowing $500 for 30 days will cost you $620. And if taking $1000 for 32 days, you will have to repay $1240.
Their Main Advantage
No credit checks
Checking the client’s credit history is not a part of Apoloan loan approval process. They aren’t interested to dig in your dirty laundry of the past – they are more interested in your current financial situation.
So even people with bad credit history can apply – the applications process is free, fast and easy.
User-friendly website and customer support.
Working with Apoloan you feel like you are a VIP customer – you will get extensive consultations, existing clients are always notified about charges and promotions. And using the calculator on their website you can make a cold and well-thought decision on the loan.